The average monthly rent for an apartment in San Francisco is $3630. A random sample of 30 apartments just outside of San Francisco had a mean rent of $3450. The population standard deviation is $850. At a = 0. 05, can you conclude that the monthly rent outside of San Francisco is lower than that in the city?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The average monthly rent for an
apartment in San Francisco is $3630. A
random sample of 30 apartments just
outside of San Francisco had a mean rent
of $3450. The population standard
deviation is $850. At a = 0. 05, can
you conclude that the monthly rent
outside of San Francisco is lower than that
in the city?
Please show all work below, including
your null and alternative hypotheses,
critical value, test value, and your
conclusion.
Transcribed Image Text:The average monthly rent for an apartment in San Francisco is $3630. A random sample of 30 apartments just outside of San Francisco had a mean rent of $3450. The population standard deviation is $850. At a = 0. 05, can you conclude that the monthly rent outside of San Francisco is lower than that in the city? Please show all work below, including your null and alternative hypotheses, critical value, test value, and your conclusion.
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